Marijuana Stocks Get Bounce After Dispensary Raids Throughout The Country

Publicly-traded marijuana companies had a rough week but got a bounce Thursday following news of raids at the Cannabis Culture dispensary chain owned by Marc and Jodie Emery.

The outspoken marijuana activists were arrested at Toronto’s Pearson Airport and a series of Cannabis Culture dispensaries, which are not licensed to sell medical marijuana, were raided in Vancouver, Ottawa and Toronto.

Investors may have interpreted the raids as the government attempting to “draw a line” between the kind of operations that will eventually be allowed in the legal recreational market and those that will be forbidden, said an analyst who did not want to be named because he does not follow dispensaries.

“Once there’s a line drawn, they’re going to crack down significantly harder on whoever is out,” he said.

Related

About Toronto Toker

I am a medical marijuana patient and youtuber, and have been for a few years. I am very passionate and knowledgable about cannabis. I want to help share my knowledge with inexperienced patients through Dankr, and review products to ensure there is a standard in the community.